- المجال: Accounting
- Number of terms: 7464
- Number of blossaries: 0
- Company Profile:
Sampling to determine whether internal control compliance is greater than or less than the tolerable deviation rate.
Industry:Accounting
The characteristic tested is a property that has only two possible values (an error exists or it does not).
Industry:Accounting
A combination of the risk that material errors will occur in the accounting process and the risk the errors will not be discovered by audit tests. Audit risk includes uncertainties due to sampling (sampling risk) and to other factors (nonsampling risk).
Industry:Accounting
A complete set of rules other than U.S. GAAP applied to all items in a set of financial statements. Examples include a basis of accounting required by a regulatory agency, a basis of accounting the entity uses for its income tax return and the cash receipts and disbursements basis.
Industry:Accounting
To authorize. A manager authorizes a cash payment by signing a voucher providing approval for the disbursement.
Industry:Accounting
A financial arrangement in which a person avoids possible conflict of interest by transferring financial affairs to a fiduciary who has sole asset management discretion. The person establishing the trust also gives up the right to information regarding the assets.
Industry:Accounting
Constituting the whole. Aggregate expenses include expenses of all divisions combined for the entire year.
Industry:Accounting
A contra asset account with a credit balance used to reduce the carrying amount of accounts receivable to net realizable value. The allowance balance is the estimated total of uncollectible accounts included in accounts receivable.
Industry:Accounting
Accounting entries made at the end of an accounting period to allocate items between accounting periods.
Industry:Accounting
